The drilling is testing the continuity of gold mineralisation discovered through trenching within a large prospective area that is 4.5 kilometres long and 300 metres wide.

Gold mineralisation was intersected in all four diamond holes with grades measuring up to 47.2 g/t gold.

A follow-up program of drilling is expected to commence immediately.

Dr Andrew Stewart, CEO, commented: “The new drill results, which include significant intervals of bonanza gold grades provide the evidence we needed to dedicate additional resources to improving our understanding of the controls on mineralisation and start assessing the size potential of this new discovery more thoroughly."

Assay detailsSignificant assay results from the four diamond drill holes are as follows:

Xanadu Mines Ltd (ASX:XAM) is an exploration company with a long history of business development and partnership in Mongolia. It has a significant exploration portfolio across Mongolia’s porphyry copper belts.

Xanadu Mines Ltd (ASX:XAM) is an exploration company with a long history of business development and partnership in Mongolia. It has a significant exploration portfolio across Mongolia’s porphyry copper belts.